MENA startup investment surges in March 2023
Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254...Economy
‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...Economy
Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities  Â
DOHA, QATAR -Â The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...Qatar's Communications Regulatory Authority aims to process the requests of a large segment of the residents of the northern cities of the country.
These services will facilitate the completion of their applications related to maritime radio station licensing for small ships.
US consumer inflation drops 11th straight month
WASHINGTON, US - Consumer inflation in the United States cooled for an 11th straight month in May, the Labor Department said...The consumer price index (CPI) jumped 4.0 percent from a year ago, in line with analyst expectations and down from a 4.9 percent rise in April.
On a monthly basis, the CPI rose 0.1 percent in May, decelerating from 0.4 percent in April, the Labor Department said.
Saudi Arabia announces international conference on Sudan aid
Saudi Arabia announced that it would jointly lead a conference on the humanitarian response to the war in Sudan next...Saudi Arabia and the United States have been mediating in the eight-week conflict.
The kingdom played a leading role in evacuating thousands of foreigners from Sudan early in the war.
ECI, KazakhExport ink MoU
Aim is to enhance trade between the UAE and Kazakhstan.The MoU is in line with the We the UAE 2031 vision aimed at strengthening bilateral economic relations between the two countries.
The aim is to enhance economic ties in renewable energy, waste management, between the UAE and Kazakhstan.
Stock markets rise globally on cooling US inflation
Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its...The dollar fell against other major currencies as the greenback usually benefits from higher interest rates.
The US central bank has raised interest rates 10 straight times in efforts to combat elevated inflation.
HUB71 reveals winners of The Outliers Program to address industry challenges
ABU DHABI, UAE - Hub71, Abu Dhabi's global tech ecosystem, on Tuesday announced the winners of The Outliers Program, which...Participating startups have been recognized for their innovative solutions in various challenges set by Hub71’s strategic partners as part of The Outliers.
The winning startups were successful for the companies’ ability to implement innovative products and services that can have a positive impact.
UN calls on Libya to treat migrants, asylum seekers with dignity
War-torn Libya is regularly criticised for its handling of migrants, with rights groups alleging horrific treatment by smuggling gangs and...Libyan authorities have arrested thousands of men, women and children from the streets and their homes or following raids on alleged traffickers' camps
Libyan authorities must grant United Nations agencies and aid organizations "unimpeded access to detainees in need of urgent protection", UNSMIL added
UN working to renew Ukraine grain export deal
That crucial accord granting safe passage for Ukrainian grain to be exported via Black Sea ports despite Moscow's invasion was...Grain deal helped alleviate food shortages triggered by the Russian invasion of Ukraine, a major grain exporter, and its blockade of Ukrainian ports
The resumption of Russia's ammonia exports through the pipeline is one of Moscow's conditions to continue with the grain export deal
UAE’s MoHRE extends deadline for companies to meet Emiratisation targets
Dubai, UAE-- The UAE'S Ministry of Human Resources and Emiratisation (MoHRE) has extended the deadline for private sector to hire...The ministry said the decision to give companies more time to reach their targets to hire Emiratis was taken by taking into account the Eid holidays
MoHRE has warned companies in the private sector that non-compliance with the decision will invite a fine of AED42,000 for each Emirati not employed
10th Arab-China Business Conference ends with Riyadh Declaration
Riyadh, Saudi Arabia -- The 10th edition of the Arab-China Business Conference successfully concluded on Monday with the announcement of...The first day of the conference featured the signing of US$10 billion worth of investment agreements, spanning more than 30 deals across an array of sectors
The conference featured 9 panels, 18 workshops, and several private meetings and hosted 150 speakers to explore, discuss Arab-Chinese economic cooperation
